cover
Contact Name
Dr. Wiwiek Mardawiyah Daryanto, SE-Ak., MM
Contact Email
wiwiek.daryanto@ipmi.ac.id
Phone
+62811894273
Journal Mail Official
ijbs@ipmi.ac.id
Editorial Address
Jl. Rawajati Timur I/1, Kalibata, Jakarta 12750
Location
Kota adm. jakarta selatan,
Dki jakarta
INDONESIA
International Journal of Business Studies
ISSN : 25800132     EISSN : 26224585     DOI : https://doi.org/10.32924/ijbs
International Journal of Business Studies (IJBS) is an international open access and peer-reviewed journal published tri-annually in February, June, and October by IPMI Research Center, Sekolah Tinggi Manajemen IPMI. IJBS aimed to provide research articles in order to have a significant implication on the world of business management studies. In addition, IJBS’s primary objective is to bridge the gap between theory and practice in business management. The journal covers a variety of business management topics and original researchers in the following areas such as: Business Economics, Business Ethics, Marketing Management, Finance Management, Operation Management, Strategic Management, Entrepreneurship, Innovation and Competitiveness, Sustainable Development, Human Resource Management, Leadership, Organizational Behavior, Change Management, Risk Management, e-Business, International Business, Knowledge Management, Management Accounting, Management Control System, Management Information System, and Supply Chain Management.
Articles 47 Documents
Effects of Reputations and Satisfactions on Positive Word of Mouth Intentions and Switching Behaviors Ong, Leonnard
International Journal of Business Studies Vol 1 No 1 (2017): International Journal of Business Studies (IJBS)
Publisher : IPMI Research Center, Sekolah Tinggi Manajemen IPMI

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (511.153 KB) | DOI: 10.32924/ijbs.v1i1.8

Abstract

The increasing numbers of new Higher Education Institutions (HEIs) require HEIs to establish their positive reputation and customer satisfaction to both attract and retain students. This study aims to examine the effects of reputation and satisfaction on word of mouth (WOM) and switching behavior of students at the private University Jakarta. By employing structural equation modeling (SEM), we prove that satisfaction has a high direct and signiicant inluence on Word of Mouth (WOM) and switching behavior (.79 and .93). While reputation has a low direct effect on WOM and switching behavior (.16 and .00).The role of satisfaction as a mediating variable increases the indirect effect of reputation on WOM and witching behavior of .67 and .79. Further managerial implications are discussed.
The Role of Subsidiary Manager under Resource-Based Paradigm Kurniawan, Harris Turino
International Journal of Business Studies Vol 1 No 1 (2017): International Journal of Business Studies (IJBS)
Publisher : IPMI Research Center, Sekolah Tinggi Manajemen IPMI

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1288.166 KB) | DOI: 10.32924/ijbs.v1i1.9

Abstract

The role ofsubsidiary managers, as middle managers in Multinational Corporation (MNC) structure, has received increasing scholars' attentions recent time. They are believed to have great inluences to facilitate various strategic activities, especially in developing subsidiary capability, hence contributing to subsidiary development.Research to investigate subsidiary manager roles and managerial process in subsidiary level, however, are relatively rare. I propose an alternative framework to ill the gap, by employing recent development of resource-based theory, i.e. resource orchestration. I argue that subsidiary manager can be treated as a mediator between resource allocated by corporate headquarter (and also from local partners in strategic alliance formation) and the various steps in resource orchestration
Factors That Influence Stock Market Volatility: A Case Study From Malaysia Nurfadilah, Dety; Samidi, Sudarmawan
International Journal of Business Studies Vol 1 No 1 (2017): International Journal of Business Studies (IJBS)
Publisher : IPMI Research Center, Sekolah Tinggi Manajemen IPMI

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (9572.666 KB) | DOI: 10.32924/ijbs.v1i1.10

Abstract

The purpose of this study is to investigate to what extent earning per share, net income, dividends and sharia compliance affects the stock market volatility in Malaysia. A sample of 53 firms has been selected from FBM KLCI for the period of 2014 when the oil price decline over 55% and leads to lower share prices. Multiple regression methods have been applied to the data. The result found that earning per share and dividend have a strong signiicant relationship, while net income and Shari'ahcompliance are not signiicance towards stock price volatility. It is hoped that the outcomes of this study will serve as the reference for the investor and manager to create better and effective strategy, as well as, to improve the inancial market industry
The Net Cash Flow Measurement of The Conventional Oil Production Sharing Contract (PSC) Fiscal Systems Daryanto, Wiwiek Mardawiyah
International Journal of Business Studies Vol 1 No 1 (2017): International Journal of Business Studies (IJBS)
Publisher : IPMI Research Center, Sekolah Tinggi Manajemen IPMI

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1443.18 KB) | DOI: 10.32924/ijbs.v1i1.11

Abstract

Indonesia is the pioneer of the Production Sharing Contract (PSC),the irst contract was signed in 1960. It is the standard of comparison for all PSCs (Johnston, 1994). According to the Executive Agency for Upstream Oil and Gas Business Activities in Indonesia (SKK Migas,2014), PSC is a Petroleum Exploration and Production Agreement between the Authority Body and the Oil Contractor (OC). This study focuses on the oil industry, covering a PSC oil ield which has been operating in Indonesia since 1998. The primary data of 2016 is used.The purpose of this study is to measure the yearly net cash lows received by the Government of Indonesia (GOI) and the OC during exploitation period, and to examine the attractiveness of the terms and conditions ofthe PSC. The basic features ofPSCs are: irst tranche petroleum (FTP), cost recovery (CR), proit oil (PO), domestic market obligation (DMO), and taxes. The inancial issue of PSC is how costs are recovered and proits divided. The inding shows that from 100%Gross Revenue (GR) ofthe oil ield in 2016; 35.43% ofit is allocated to the GOI, and only 2.28% to the OC. Meanwhile, the CR for the year is 62.29% of the GR. Therefore, it is needed to manage the CR eficiently and effectively of both parties. It is recommended to limit the CR. Moreover, with the oil price that tends to decrease. The study will be beneicial for GOI and potential OCs to carry out a fair negotiation. This study will also facilitate the students and academicians to assess the correlation of variables of the PSC Fiscal Systems to be used in the decision-making process.
Measuring Financial Performance of PT. Pos Indonesia During The E-Commerce Booming Pratama, Sasotya
International Journal of Business Studies Vol 1 No 1 (2017): International Journal of Business Studies (IJBS)
Publisher : IPMI Research Center, Sekolah Tinggi Manajemen IPMI

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1445.794 KB) | DOI: 10.32924/ijbs.v1i1.12

Abstract

Advancement of telecommunications technology and Internet protocol has encouraged the development of services through electronic commerce (e-commerce). The growth ofover 35% per year has been achieved by the industry since 2013 in Indonesia. More than ten companies operate in the industry. In line with the development of e-commerce services, also developed supporting industries such as logistics, to deliver products purchased over the Internet. There are about three big private companies in the courier industries, and the only state-owned enterprises (SOEs) in the courier industry is PT. Pos Indonesia (PTPI). The purpose of this study is to measure and evaluate the inancial health condition of PTPI for periods of 2009- 2015 by investigating its inancial ratios included return on equity,return on investment, cash ratio, current ratio, collection period,inventory turnover, total asset turnover, and total equity to the total asset. The result shows achieved inancial health condition of PTPI and can be used to advise further improvements
Study on Indonesia Consumer Trust on Online Transaction Subroto, Asto Sunu
International Journal of Business Studies Vol 1 No 2 (2017): International Journal of Business Studies (IJBS)
Publisher : IPMI Research Center, Sekolah Tinggi Manajemen IPMI

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1520.712 KB) | DOI: 10.32924/ijbs.v1i2.18

Abstract

Indonesian consumer who connected to the internet in 2016 reach 90,5 million. The numbers of consumer who transact online reach 26.3 million or 29% of the internet users. Based on the research, the readiness of internet user for e-commerce transaction reaches more than 85%. However, there is still challenge in trust. In the same prices, consumers still prefer to shop ofline. Level of trust is divided into four categories, involve trust to the e-commerce industries in general, trust to the ordered and delivered the product, trust to the security of payment, and trust to the courier company. Due to trust becomes a most important factor in an online transaction, research about it have to be conducted periodically, so readiness ofIndonesian to the online transaction can be tracked. The result of the research is to not only for e-commerce industries but also for the traditional trade (ofline) industries and economy ofIndonesia.
The Influence of Individual Spirituality Toward Spirit at Work in Enhancing Organizational Commitment and Job Satisfaction Indrajaya, Amelia Naim
International Journal of Business Studies Vol 1 No 2 (2017): International Journal of Business Studies (IJBS)
Publisher : IPMI Research Center, Sekolah Tinggi Manajemen IPMI

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (532.491 KB) | DOI: 10.32924/ijbs.v1i2.19

Abstract

The low spirit, lack of higher purpose and meaning in the workplace has an impact towards employees? morale. Eventually, the commitment to moral will decrease employees? productivity and organizational commitment at work. Therefore, this study aims to investigate the inluence of individual spirituality toward spirit at work and how it enhances job satisfaction and organizational commitment. The quantitative research through questionnaires was conducted in the branch ofice of PT. Telkom with the highest revenue in the Central of Jakarta. The indings show the importance of workplace spirituality in enhancing job satisfaction and organizational commitments as important factors in increasing company?s performance. Despite the growing belief that workplace spirituality signiicantly relates to performance, the evidence is still needed based on academically proven empirical research that great spirituality is part of the strategic management approach toward better performance. Furthermore, this study supported the hypotheses that individual spirituality is positively impacting spiritat work and in turn positively enhancing job satisfaction and organizational commitment. Further quantitative explanatory approach and/or qualitative exploratory approach will be needed to reach a more solid conclusion.
The Effect of Working Capital Turnover and Receivable Turnover on Profitability: Case Study on PT. Merck Tbk Daryanto, Wiwiek Mardawiyah; Rachmanto, Fajar
International Journal of Business Studies Vol 1 No 2 (2017): International Journal of Business Studies (IJBS)
Publisher : IPMI Research Center, Sekolah Tinggi Manajemen IPMI

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (495.385 KB) | DOI: 10.32924/ijbs.v1i2.20

Abstract

With the growing world ofbusiness, the competition between similar companies getting tighter. To maintain the viability of a company required a good management of resources conducted by the management. Account Receivable turnover and working capital are very important for a company because it is the elements in measuring the proitability of the company. The purpose of this research is to know: (1) the effect of account receivable turnover to company proitability, (2) the effect ofworking capital turnover to the company, (3) the effect of account receivable turnover and working capital turnover to company proitability. The research method used is quantitative analysis, correlation coeficient test, the coeficient of determination test and hypothesis test. The data used in this study is secondary data sourced from inancial statement PT. Merck Tbk period 2009-2013 obtained directly from the respondent. The results based on multiple linear regression tests showed that simultaneously turnover of account receivable and working capital turnover did notsigniicantly affect company proitability (5.603 < 9.55). Partially, the account receivable turnover does not signiicantly affect the proitability of the company (2.298 < 3.182) and the working capital turnover does not signiicantly affect the proitability of the company (3.003 < 3.182). So, it can be said the hypothesis in this study was rejected.
Impact of Corporate Social Responsibility (CSR) Implementation on The Profitability of State-Owned Enterprises: An Analysis of 20 Listed Companies in Indonesia Rahmana, Febrizal
International Journal of Business Studies Vol 1 No 2 (2017): International Journal of Business Studies (IJBS)
Publisher : IPMI Research Center, Sekolah Tinggi Manajemen IPMI

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (545.041 KB) | DOI: 10.32924/ijbs.v1i2.21

Abstract

The purpose ofthis research is to prove that State-Owned Enterprises (SOEs) that invest in CSR will optimize proit in the hope that thesatisfaction of stakeholders is reached effectively. This paper is a quantitative analysis of an exploratory approach. Discusses theimplementation of CSR from 20 state-owned companies is go public companies. This analysis is based on the Global Reporting Initiativereport which provides some aspects of sustainability.The reports were taken from the availability both CSR and inancial data.The nextstep is to look at the EPS trend of these SOEs and comparing to those aspects are applied. The restrictions coverage of this paper is only for20 state-owned companies which listed in Indonesia.In this research proves that the implementation ofCSR has not yet become the burdenofSOEs but can also give the proit growth ofthose SOEs. Where there is a positive relationship between the implementation of CSR and theEarning Per Share (EPS) with coeficient correlation (R) is 0.110, even the tendency ofincreasingly integrated CSR programs grow the proitof SOEs. There is the theoretical implication to management science that the implementation of CSR is not a burdening cost but is aninvestment and CSR is one ofmany ways for companies to increase business competitiveness in the present era. Also, there is themanagerial implication that by implementation CSR is very important to have a mutual beneit between society and corporation while SOEsstill can optimize some proit. This understanding is essential as a high concentration in social and corporate relations in modern times.
Financial Performance Analysis of Bank Rakyat Indonesia Using CAMEL Model Susanti, Yulita Fairina; Daryanto, Wiwiek Mardawiyah
International Journal of Business Studies Vol 1 No 2 (2017): International Journal of Business Studies (IJBS)
Publisher : IPMI Research Center, Sekolah Tinggi Manajemen IPMI

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (525.565 KB) | DOI: 10.32924/ijbs.v1i2.22

Abstract

The assessment of inancial performance is becoming increasingly important. The Regulation of the Central Bank of IndonesiaNo.13/24/DPNP/2011 provides the mandatory of measuring Health Level Assessment System of Commercial Banks in Indonesia. Thepurpose ofthis study is to measure inancial performances ofPT. Bank Rakyat Indonesia (Persero), Tbk (BRI) for the period 2011 to 2015,and to determine the strongest correlation among inancial ratios in the component ofCAMEL. The method used is a CAMEL model, whichis divine to Capital (C), Assets Quality (A), Management (M), Earnings (E) and Liquidity (L), and also a statistical method, namely coeficientcorrelation calculation. The aspects of one another are interrelated and inseparable. The data is collected from the Audited FinancialReports of BRI for the periods of 2011-2015. The result of the study shows that over the last ive years, the inancial performance achievedby BRI was a healthy predicate respectively. All of the financial ratio performances have complied and achieved above the standards oftheCentral Bank of Indonesia. And based on coeficient correlation calculation among inancial ratios in the CAMEL components, itreveals that between Return on Asset (ROA) and Operating Expense to Operating Income (BOPO) has a strong negative correlation. Theive-year trend shows that if the BOPO decrease followed by the increase ofROA, and vice versa.